3 Bed Detached House, Refurb/BRRR, Enfield, EN2 7JP, £775,000

51 Lowther Drive, Enfield, Greater London, EN2 7JP - 78 views - 10 months ago

Sold STC
Refurb/BRRR
~369 m²
+24 photos

ValuationFair Value

Sold Prices£340K - £1.0M
Sold Prices/m²£3.7K/m² - £10.2K/m²

 

 

Square Metres

~369.42 m²
Price/m²£2.1K/m²

Value Estimate

£782,750

 

 

End Value (After Refurb)

£1,821,520

Uplift in Value

+135%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£193,750

Stamp Duty & Legal Fees

£50,700

Refurb Costs

£195,435

Bridging Loan Interest

£20,344

Total Cash In

£461,979

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,821,520

Agent Fees (1%)

£18,215

Bridging Loan

£581,250

Bridging Loan Interest

£20,344

Flip Profit

£760,076

Local Sold Prices

50 sold prices from £340K to £1.0M, average is £689K. £3.7K/m² to £10.2K/m², average is £6.9K/m².

PriceDateDistanceAddressBeds 
£715K06/210.02 mi64, Lowther Drive, Enfield, Greater London EN2 7JP3
£700K05/210.09 mi94a, Lowther Drive, Enfield, Greater London EN2 7JR3
£527.5K08/220.16 mi219, Lonsdale Drive, Enfield, Greater London EN2 7JZ3
£630K11/200.2 mi58, Merryhills Drive, Enfield, Greater London EN2 7NY3
£820K02/210.21 mi43, Merryhills Drive, Enfield, Greater London EN2 7NY3
£540K08/210.21 mi10, Lindal Crescent, Enfield, Greater London EN2 7RR3
£640K10/200.22 mi32, Brantwood Gardens, Enfield, Greater London EN2 7LZ3
£712.5K06/230.22 mi22, Brantwood Gardens, Enfield, Greater London EN2 7LZ3
£678K12/200.22 mi146, Lonsdale Drive, Enfield, Greater London EN2 7ND3
£770K06/230.23 mi5, Brantwood Gardens, Enfield, Greater London EN2 7LY3
£861.5K08/210.25 mi32, Curthwaite Gardens, Enfield, Greater London EN2 7LN3
£615K05/240.26 mi56, Macleod Road, London, Greater London N21 1SN3
£500K10/200.26 mi56, Macleod Road, London, Greater London N21 1SN3
£700K02/210.27 mi114, Lonsdale Drive, Enfield, Greater London EN2 7NA3
£615K01/240.27 mi13, Macleod Road, London, Greater London N21 1SW3
£795K11/200.3 mi58, Cotswold Way, Enfield, Greater London EN2 7HJ3
£667.5K10/210.32 mi14, Glenbrook South, Enfield, Greater London EN2 7HQ3
£400K02/210.32 mi45, Rushey Hill, Enfield, Greater London EN2 7RN3
£667.5K03/210.32 mi84, Lonsdale Drive, Enfield, Greater London EN2 7LP3
£625K06/230.32 mi5, Laidlaw Drive, London, Greater London N21 1SS3
£480K07/210.32 mi17, Roundhill Drive, Enfield, Greater London EN2 7RL3
£625K06/210.33 mi59, Lonsdale Drive, Enfield, Greater London EN2 7LR3
£635K02/230.33 mi7, Glenbrook South, Enfield, Greater London EN2 7HQ3
£525K02/210.33 mi5, Glenbrook South, Enfield, Greater London EN2 7HQ3
£340K02/230.35 mi1, Chiltern Dene, Enfield, Greater London EN2 7HH3
£650K11/210.35 mi61, Enfield Road, Enfield, Greater London EN2 7HA3
£725K12/220.37 mi24, Lower Kenwood Avenue, Enfield, Greater London EN2 7LT3
£775K11/220.38 mi15, South Lodge Drive, London, Greater London N14 4XD3
£770K03/210.38 mi25, South Lodge Drive, London, Greater London N14 4XD3
£670K08/230.39 mi30, Anderson Close, London, Greater London N21 1TH3
£591K03/210.39 mi8, Sydenham Avenue, London, Greater London N21 1SX3
£678K06/210.4 mi38, Treves Close, London, Greater London N21 1TT3
£521.5K10/200.41 mi33, Hanbury Drive, London, Greater London N21 1SZ3
£815K09/210.42 mi87, South Lodge Drive, London, Greater London N14 4XG3
£805K06/210.42 mi15, Overton Road, London, Greater London N14 4SX3
£790K06/230.42 mi13, Overton Road, London, Greater London N14 4SX3
£755K12/200.43 mi38, Grosvenor Gardens, London, Greater London N14 4TX3
£760K04/230.43 mi21, Kenwood Avenue, London, Greater London N14 4SS3
£1.0M06/220.45 mi2, Overton Road, London, Greater London N14 4SY3
£634K06/210.46 mi10, Trentwood Side, Enfield, Greater London EN2 7EX3
£634K06/210.46 mi10, Trentwood Side, Enfield, Greater London EN2 7EX3
£634K06/210.46 mi10, Trentwood Side, Enfield, Greater London EN2 7EX3
£820K09/220.46 mi42, Bincote Road, Enfield, Greater London EN2 7RB3
£750K10/220.46 mi21, Trentwood Side, Enfield, Greater London EN2 7EX3
£730K06/210.47 mi27, Belgrave Gardens, London, Greater London N14 4TS3
£750K06/210.51 mi21, Merrivale, London, Greater London N14 4TE3
£700K08/210.51 mi5, Sheringham Avenue, London, Greater London N14 4UB3
£851K06/210.53 mi69, Oakwood Crescent, London, Greater London N21 1PA3
£820K06/230.55 mi23, Chaseville Park Road, London, Greater London N21 1PH3
£770K03/210.55 mi15, Chaseville Park Road, London, Greater London N21 1PH3

Local Rents

12 rents from £1.9K/mo to £3K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,80005/240.14 miLonsdale Drive, London, EN2 7NF3
£2,25006/240.29 mi-3
£2,25006/240.29 miMacleod Road, London, N213
£2,19501/250.33 mi-3
£2,50009/230.36 miLower Kenwood Avenue, Enfield, EN23
£2,50004/240.36 miEnfield Road, Enfield, Middlesex, EN23
£2,40005/240.39 miPennington Drive London N213
£2,50005/240.39 miPennington Drive London N213
£2,85005/240.46 miPrince George Avenue, London3
£2,80005/240.57 miSheringham Avenue, Southgate, London, N143
£3,00003/250.58 mi-3
£1,87502/250.61 mi-3

Local Area Statistics

Population in EN2

29,471

Population in Enfield

130,248

Town centre distance

0.91 miles away

Nearest school

0.40 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £775,000

June 10, 2024

Sold for £138,000

1995

Floor Plans

Description

  • 3 Bedroom Link Detached House +
  • Through Lounge +
  • South Facing Back Garden +
  • Side Access to Garden +
  • Loft Access +
  • Garage +
  • Off-Street Parking +

Welcome to Lowther Drive, Enfield - a property with great potential! This detached house boasts 2 reception rooms, 3 bedrooms, and 1 bathroom, offering ample space for comfortable living. This property allows you the perfect opportunity to build your desire, envision the possibilities once renovated - it will be truly amazing!

This property boasts a spacious through lounge, perfect for entertaining guests or simply relaxing with your loved ones. The kitchen space is equally impressive, where you can enjoy preparing meals while looking out to the beautiful garden. Imagine waking up to the sight of greenery and natural light streaming in through the windows.

The property features a separate bathroom and toilet, providing convenience and privacy for you and your guests. The double glazed windows throughout the house not only offer insulation but also ensure a peaceful atmosphere inside.

The south-facing garden is a delightful feature of this property, offering a sunny retreat that can be accessed through both the lounge and kitchen. Picture yourself enjoying a cup of tea in the morning sun or hosting a barbecue with friends in this lovely outdoor space. There is also a side access from the front to the beautiful garden at the back this feature adds convenience

Lowther Drives offers you off-street parking, ensuring you never have to worry about finding a spot for your car. The added bonus of a garage not only provides extra storage space but also presents the exciting opportunity to convert the space for those looking to customise the extra space to suit their needs.

Located in Enfield, this property provides a wonderful opportunity to create your dream home in a desirable area. With a little imagination and some renovation work, this house has the potential to be transformed into a stunning and modern living space. Don't miss out on the chance to turn this property into your own slice of paradise in Enfield!

Local Authority: Enfield
Council Band: F

Inner Hallway - Radiator, stairs to first floor landing, door to lounge, door to kitchen, under stairs storage cupboard housing: fuse box, gas & electric meters.

Lounge - Double glazed window to front & rear aspect, radiator, double glazed door leading to rear garden.

Kitchen - Storage cupboard, radiator, double glazed window to rear aspect, part-tiled walls, eye and base level units, stainless steel sink with tap, space for oven, door leading to rear garden.

First Floor Landing - Loft access, radiator, frosted window to side aspect, door to WC, door to bathroom, doors to all bedrooms.

Bedroom 1 - Double glazed window to front aspect, radiator, fitted wardrobes.

Bedroom 2 - Radiator, double glazed window to rear aspect.

Bedroom 3 - Radiator, double glazed window to front aspect.

Bathroom - Frosted double glazed window to rear aspect, radiator, storage cupboard housing water cylinder, part-tiled walls, panelled bath with mixer tap and shower attachment, sink with tap.

Wc - Frosted double glazed window to rear aspect, low level WC.

Front Garden - Part paved area, part laid to lawn, access to side gate.

Rear Garden (South Facing) - Part paved area, rest laid to lawn, shrub borders.

Disclaimer - Consumer Protection from Unfair Trading Regulations 2008: The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.

Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

Fixtures and fittings: Items shown in photographs are NOT included. A list of the fitted carpets, curtains, light fittings and other items fixed to the property which are included in the sale (or may be available by separate negotiation) will be provided by the Seller s Solicitors.

Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Baker and Chase Ltd in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value. Neither Baker and Chase Ltd nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).

Media: (Photos, Videos etc)The photographs, property videos and virtual viewings etc. show only certain parts of the property as they appeared at the time they were taken.

Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.

VAT: The VAT position relating to the property may change without notice

Copyright: You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.

Anti-Money Laundering Regulations: Intending parties will be asked to produce identification documentation at offer stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale/rental.

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Agent Details

Baker and Chase, London Borough of Enfield

020 3907 2588

Next Steps?

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